Antares Ventures Closes $50 Million for Singapore Deeptech Fund

Singapore's Antares Ventures has secured $50 million at the second close of its deeptech fund, DealStreetAsia reported.

The figure marks the latest hard number in a fundraise that the venture firm has run in stages. A second close means Antares can keep deploying the $50 million while remaining open to additional commitments before a final close, the standard structure for progressive fundraising in Southeast Asia's venture market.

Who is behind the $50 million?

Antares Ventures is a Singapore-based investment firm focused on deep tech — a category that spans advanced engineering and science-driven startups rather than consumer internet plays. The firm has now banked $50 million across the closes completed so far, according to DealStreetAsia.

The report did not name the limited partners in the round, nor did it specify the fund's target size or whether Antares expects to hold a third close. That leaves open how much larger the vehicle could grow before the firm stops raising.

What does the second close signal?

A second close is a midpoint event. It tells the market two things: investors have committed real capital, and the fund remains in the market for more. For a deeptech-focused manager, reaching $50 million at this stage is a concrete proof point, because deep tech funds typically need patient capital willing to wait through long research-and-development cycles.

DealStreetAsia's report centers on the $50 million figure and the Singapore firm's identity. It does not disclose portfolio companies, deployment pace, or cheque sizes, so those details remain outside what's confirmed.

Why does Singapore matter for this fund?

Singapore has positioned itself as a hub for deep tech capital in Southeast Asia, and Antares Ventures is raising from that base. The city-state's state-backed investors and family offices have repeatedly anchored funds in the sector, though DealStreetAsia's report does not say who backed Antares in this close.

The $50 million commitment gives the firm firepower at a time when venture fundraising across Asia has tightened. Funds that close at all — let alone reach a nine-figure-adjacent milestone in stages — are the exception rather than the rule in the current climate.

What comes next?

The fund stays open. Unless Antares has already hit its cap, the second close implies more closes ahead, and the final number will land somewhere at or above $50 million. Investors tracking Southeast Asian deep tech now have a named manager and a named sum to watch as the fund moves from raising to deploying.